Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at how the venture ecosystem failed to build important stuff pre-coronavirus.
Quote of the Day
"If you stick around long enough, you can often catch a lucky break. But that lucky break can’t come for you if you didn’t figure out how to stick around long enough."
(Fred Wilson)
VC
- Andreessen Horowitz raised a second, big crypto-focused fund. (axios.com)
- Bill Gurley will not be investing out of Benchmark Capital's new fund. (techcrunch.com)
Companies
- Stash, an investing and savings platform, raised $112 million in Series F funding led by LendingTree at a valuation north of $800 million. (axios.com)
- Medici was doing telehealth before it was cool. (news.crunchbase.com)
- A profile of Flexport CEO and founder Ryan Petersen amidst the pandemic. (techcrunch.com)
- Food delivery startup, Cheetah has been forced to pivot from restaurants to individuals. (news.crunchbase.com)
- Compass Pathway's new round of funding will go toward expanding its program for psilocybin therapy for treatment-resistant depression (news.crunchbase.com)
PPP
- Why some startups have felt compelled to apply for PPP loans. (fastcompany.com)
- Why some startups felt the need to tap the PPP program. (nytimes.com)
- Venture funds are not set up to have to support so many companies at once. (axios.com)
Startups
- What is a company's base rate these days? (tomtunguz.com)
- How to think about an event-driven spike in business. (avc.com)
- What's an acceptable 'burn multiple' at different stages of growth? (medium.com)
- Business travel is as much about signaling as anything else. (alexdanco.com)
- Not all gross margins are created equal. (avc.com)
